Top News
Cooler climate tempers Meralco sales growth; commercial, residential demand hold steady
Meralco, the country's largest power distributor, projects marginal growth in power sales for 1H 2025, a slowdown attributed primarily to cooler summer weather conditions that reduced energy consumption, particularly in the residential segment. Despite this, the company maintains a degree of resilience, with slight upticks in retail trade and restaurant-driven demand, signaling continued post-pandemic consumer activity.
Gas, diesel prices slashed as oil dips
Motorists can expect a significant relief at the pumps starting Tuesday, as fuel prices are set to drop further following a full week of global crude trading and a de-escalation of geopolitical tensions in the Middle East.
Rice price drop in June may slow inflation; broader risks remain
Inflation in June appears poised to continue its descent following May’s six‑year low of 1.3 percent—a drop largely fueled by a sharp decline in rice prices, according to the Philippine Statistics Authority (PSA).
Wall Street ends week higher as risks ease
US stocks closed the week on a high note, with the S&P 500 and Nasdaq Composite notching fresh closing highs Friday, as easing geopolitical tensions and renewed trade optimism lifted investor sentiment.
Business, consumer confidence wane in 2Q
Confidence among Filipino businesses and consumers softened in the second quarter of 2025, according to twin surveys released by the Bangko Sentral ng Pilipinas (BSP), signaling a more cautious outlook for the economy amid lingering global and domestic headwinds.
